MLV Capital Analysts Now Covering Prana Biotechnology (PRAN) Stock
October 4th, 2011 by ABMN Staff.
Equities research analysts at MLV Capital initiated coverage on shares of Prana Biotechnology (NASDAQ: PRAN) in a research note issued to investors on Tuesday. They set a “buy” rating and a $6.00 price target on the stock.
Prana Biotechnology Limited (Prana) is an Australia-based company engaged in drug development and research. The focus of the Company is to develop disease modifying therapeutics for the treatment of common neurological disorders, with a focus upon Alzheimer’s, Parkinson’s and Huntington’s diseases, specific cancers and age-related macular degeneration. It has developed a platform technology in association with internationally scientists and academic institutions, including The University of Melbourne, Massachusetts General Hospital and The Mental Health Research Institute of Victoria; and its research collaborators are The Buck Institute for Age Research, University of California and University College, London. As of June 30, 2010, the Company held interest in two subsidiaries: Prana Biotechnology Inc and Prana Biotechnology UK Ltd, and Prana’s majority shareholder was National Limited.
Shares of Prana Biotechnology traded up 3.57% during mid-day trading on Tuesday, hitting $1.45. Prana Biotechnology has a 52 week low of $1.13 and a 52 week high of $4.50. The stock’s 50-day moving average is $1.67 and its 200-day moving average is $1.99. The company has a market cap of $40.7 million.
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Mkt cap ! $15.96M |
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0.003 | 5587966 | 4 |
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